On the upside June MacBook sales surged 16%, well over the 5% that analysts were expecting. Shares of Apple (Nasdaq: AAPL) rose.
Deutsche Bank analyst Brian Modoff expects Apple's (Nasdaq: AAPL) iPhone and Research in Motion's (NYSE: RIMM) Blackberry to grow from 3% of the global cellphone market to 5% while global operating profits will increase from 35% to 58% of profits.
FBR Capital Markets analyst Craig Berger upgraded Advanced Micro Devices (NYSE: AMD) to Outperform.
On the downside
Harman International (NYSE: HAR) denied rumors that it received a buyout offer.
Fox-Pitt Kelton analyst Andrew Marquardt cut his rating on Bank of America (NYSE: BAC).
Analysts downgraded Nokia (NYSE: NOK) .
In the broad market, advancing issues outpaced decliners by a margin of nearly 7 to 2 on the NYSE and by more than 2 to 1 on Nasdaq. The Russell 2000 which tracks small cap stocks climbed 7 points to 526.
